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Chande's Trendscore Forex Technical Analysis and Chandes Trendscore Forex Trading Signals

Developed by Tushar Chande

This indicator attempts to make a quantitative and qualitative determination of the direction and strength of a market trend by comparing the current close price to previous closing prices over the last 20 periods.

 

Chandes Trendscore is an oscillator, oscillating between +10 and -10 with Zero being the midpoint.

Chande's Trendscore indicator

Chandes Trendscore

 

Forex Technical Analysis and Generating Forex Trading Signals

 

Buy Signal

A value of above Zero indicate an upward trend of varying strength

 

A value of +10 indicates a strong trending upward market

Buy Signal

Buy Signal

 

 

Sell Signal

A value of below Zero indicates a downward trend of varying strength

 

A value of -10 indicates a strong trending downward market

Sell Signal

Sell Signal

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